FILE PHOTO: A man walks past the logo of Swiggy Limited at a press conference during which its forthcoming Initial Public Offering (IPO) was announced in Mumbai, India, October 30, 2024. REUTERS/Francis Mascarenhas/File photo
(Reuters) -Indian food delivery giant Swiggy posted a wider first-quarter loss on Thursday, as rising investments in its quick-commerce arm, Instamart, continued to weigh.
Its consolidated net loss widened to 11.97 billion rupees ($136.68 million) for the quarter ended June 30, from a loss of 6.11 billion rupees a year ago.
($1 = 87.5740 Indian rupees)
(Reporting by Manvi Pant and Chandini Monnappa; Editing by Mrigank Dhaniwala)
